What does Monero’s hash power mainly depend on? (2678v3 Monero hash power)
What does Monero\’s hash power mainly depend on? According to Coindesk\’s report,
What does Monero’s hash power mainly depend on? According to Coindesk’s report, what does Monero’s hash power mainly depend on? According to data from Coinmarketcap.com, Monero’s average block time is 1 second, which is far different from Bitcoin’s mining difficulty (currently about 20 trillion). According to the data report from the Monero Foundation website, if ranked in the top three based on current block rewards and network transaction volume, the entry threshold could be as high as 1 million US dollars. In addition, since Monero adopts the POS consensus mechanism and halves every 4 years (which has been in existence since 2012), using the POW algorithm in Monero requires a significant amount of energy, so for Monero, this number is quite substantial.
2678v3 Monero hash power
Monero updated its mining algorithm at block height 2678365, and the current network hash power is about 164.5 Mh. It is reported that this upgrade has increased the mining difficulty of the Monero network to 13.73 Ps (approximately 3 exahash per second), while it is known that on average, over 63,000 active validators are being mined on the Bitcoin network every day.
Due to the current ASIC chip designs, many graphics cards are unable to mine, so some competitors have also begun to try to increase new hardware. According to Mineral data, as of the time of writing, the new hash power of 2676.73 Mh has reached a historical high. (AMBCrypto)
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